Types of Funds
Great giving options. Choose the one that's right for you.
Donor Advised Funds – A personal approach to giving
To establish a Donor Advised Fund, you make a gift to The Community Foundation, but remain actively involved in suggesting uses for your gift. You can work with the Foundation's professional staff to suggest ongoing uses for the fund – targeting the issues and organizations you care about most. Grants are made to charities in your fund's name (or anonymously if you prefer).
Minimum gift: $25,000
Discretionary Funds – Meeting ever-changing community needs
When you establish a Discretionary Fund, you make a gift to the Foundation with no restrictions on how the gift may be used. The Foundation program staff may use your gift to address a broad range of local needs – including future needs that often cannot be anticipated at the time your gift is made. The flexibility of an unrestricted gift enables the Foundation to best serve the community's interests, filling gaps left by other funding resources and addressing unexpected concerns.
Minimum gift: $25,000
Field of Interest Funds – Connecting personal values to high-impact opportunities
A Field of Interest Fund allows you to target your gift to address needs in an important area of community life. Whether it is the arts, aging, at-risk youth, education, the environment – whatever your interest – you identify the area but give the Foundation staff and Board discretion to select specific grant recipients. Thus your gift is targeted to areas that interest you but flexible enough to meet changing community needs.
Minimum gift: $25,000
Designated Funds – Helping local organizations sustain and grow
Establishing a Designated Fund allows you to support the good work of a specific nonprofit organization – a senior center, museum or virtually any nonprofit charitable organization. Through The Community Foundation, your gift provides the designated organization not only funding, but planned giving, investment management and the power of endowment.
Minimum gift: $25,000
Organizational Endowments – Building for the future
A nonprofit organization can establish an Agency Endowment at the Community Foundation. It's a simple and efficient way to build an endowment – and helps create sustainability – for the organization. The Foundation's staff also can help the organization develop planned giving programs and assist with investment management.
Minimum gift: $25,000
Alma Lee Loy Legacy Society
The Alma Lee Loy Legacy Society of the Indian River Community Foundation was established in February 2011 to honor donors who utilize the services of the Community Foundation to administer a portion or their entire philanthropic legacy plans. Too often, these gifts go unrecognized because they come at the end of the donors’ lives. The Alma Lee Loy Legacy Society will provide a way to recognize and thank donors during their lifetimes and to design plans for funds that result from such gifts.
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